How to find ICICI Bank CHENNAI – G.P.ROAD IFSC CODE , Swift code

FAQs on ICICI Bank CHENNAI – G.P.ROAD TAMIL NADU

Format of IFSC Code

IFSC is made of 11 alphanumeric code structured in a pattern where the first four characters representing the name
of the bank, while the last six characters represent the branch of the bank. The fifth character is generally 0
(zero) reserved for future utilisation. The format of IFSC is as below.

How to find MICR Code

1:MICR code can be found on a cheque leaf and bank passbook.
2:You can also find MICR code on the specific bank’s website.

About UPI

Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India (NPCI) facilitating inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. The interface is regulated by the Reserve Bank of India (RBI) and works by instantly transferring funds between two bank accounts on a mobile platform. As of December 2020, there are 207 banks available on UPI with a monthly volume of 2334.16 million transactions and a value of ₹4,162 billion (US$58 billion) UPI witnessed 22102.3 million transactions till November 2020. The mobile-only payment system helped transact a total of ₹17.29 lakh crore (US$240 billion) during the 37 m…

About IMPS

Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. The service is available 24×7 throughout the year including bank holidays. NEFT was also made available 24×7 from December 2019. RTGS was also made available 24×7 from 14th December 2020.

It is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later t…

About NEFT

National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology. NEFT enables bank customers in India to transfer funds between any two NEFT-enabled bank accounts on a one-to-one basis. It is done via electronic messages.

Unlike real-time gross settlement, fund transfers through the NEFT system do not occur in real-time basis. Previously, NEFT system settled fund transfers in hourly batches with 23 settlements occurring between 00:30 hrs. to 00:00 hrs.

From 16 December 2019, there would be 48 half-hourly batches occurring between 00.30 am to 00:00 am every day regardless…

About RTGS

The Real Time Gross Settlement (RTGS) dollar or RTG (Zimdollar or zollar, now abbreviated as ZWL or ZWL$) was the only official currency in Zimbabwe from June 2019 to March 2020, after which foreign currencies were allowed for trade in the country again.

History

The RTGS dollar was introduced on 21 February 2019 as part of the February 2019 Monetary Policy that was enacted by the Governor of the Reserve Bank of Zimbabwe, John Mangudya. The currency was made up of bond coins, bond notes and RTGS balances. The original bond notes were introduced in 2016 to ease US Dollar cash shortages at the time. They were renamed RTGS dollars in 2019, and in June 2019 became the only legal currency in Zimbabwe, replacing the multi-curre…

About SWIFT Code

ISO 9362 defines a standard format of Business Identifier Codes (also known as SWIFT-BIC, BIC, SWIFT ID or SWIFT code) approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. The ISO has designated SWIFT as the BIC registration authority. When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI. These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometim…

About ICICI Bank

ICICI Bank Limited is an Indian financial services company with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. The bank has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.

The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa; as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company’s UK subsidiary has also established branches in Belgium and Germany.

History

ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI), an Indian financial institution, as a wholly owned subsidiary in 1994 in Vadodara however the parent company was formed in 1955 as a joint-venture of the World Bank, India’s public-sector banks and public-sector insurance companies to provide project financing to Indian industry. The bank was founded as the Industrial Credit and Investment Corporation of India Bank, before it changed its name to IC…

About TAMIL NADU

Tamil Nadu (; Tamil: [ˈtamiɻ ˈnaːɽɯ] (listen)) is a state in South India. Its capital and largest city is Chennai. Tamil Nadu lies in the southernmost part of the Indian subcontinent and is bordered by the union territory of Puducherry and the South Indian states of Kerala, Karnataka, and Andhra Pradesh. It is bounded by the Eastern Ghats on the north, by the Nilgiri Mountains, the Meghamalai Hills, and Kerala on the west, by the Bay of Bengal in the east, by the Gulf of Mannar and the Palk Strait on the southeast, and by the Indian Ocean on the south. The state shares a maritime border with the nation of Sri Lanka. Its official language is Tamil, which is one of the longest-surviving classical languages in the world.

The region was ruled by several regimes, including the “three crowned rulers” – Chera, Chola and Pandyan states, which shape the region’s cuisine, culture, and architecture. After the fall of the Kingdom of Mysore, the British Colonial rule during the modern period led to the emergence of Chennai, then known as Madras, as a metropolitan city. Modern-day Tamil Nadu was formed in 1956 after the reorganisation of states on linguistic lines. The state is home to a number of historic buildings, multi-religious pilgrimage sites, hill stations and three…

About CHENNAI

Chennai ( (listen), Tamil: [ˈt͡ɕenːaɪ̯]; also known as Madras, the official name until 1996) is the capital of the Indian state of Tamil Nadu. Located on the Coromandel Coast of the Bay of Bengal, it is one of the largest cultural, economic and educational centres of south India. According to the 2011 Indian census, it is the sixth-most populous city and fourth-most populous urban agglomeration in India. The city together with the adjoining regions constitutes the Chennai Metropolitan Area, which is the 36th-largest urban area by population in the world. The traditional and de facto gateway of South India, Chennai is among the most-visited Indian cities by foreign tourists. It was ranked the 43rd-most visited city in the world for the year 2015 and was ranked the 36th-most visited city in the world for the year 2019. The Quality of Living Survey rated Chennai as the safest city in India. Chennai attracts 45 percent of health tourists visiting India, and 30 to 40 percent of domestic health tourists. As such, it is termed “India’s health capital”. Chennai has the fifth-largest urban economy of India.

Chennai had the third-largest expatriate population in India, at 35,000 in 2009, 82,790 in 2011 and estimated at over 100,000 by 2016. Tourism-guide publisher Lo…

source : https://en.wikipedia.org/wiki/